ETFS 3x Short USD Long GBP is a UCITS eligible, open-ended Collateralised Currency ETC, incorporated in Jersey. Designed to track the MSFXSM Triple Short US Dollar/GBP Index (TR), it provides a leveraged exposure representing 3x both the daily change in Short USD against GBP and the O/N interest rate differential, plus a collateral yield based on the risk-free rate.